Sebi declines to disclose chairperson's recusals, financial assets, citing resource constraints and personal safety.
The Securities and Exchange Board of India (Sebi) has declined to disclose instances where its chairperson, Madhabi Puri Buch, recused herself due to potential conflicts of interest, citing resource constraints. Sebi also refused to provide her financial asset declarations, labeling them as personal information that could jeopardize safety. This decision follows allegations from Hindenburg Research regarding Buch's ties to offshore funds linked to the Adani group, while Sebi claims investigations into Adani are nearly complete.
September 20, 2024
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